Jasper County Democrat, Volume 14, Number 59, Rensselaer, Jasper County, 28 October 1911 — BUY INDEPENDENT ’PHONES [ARTICLE]

BUY INDEPENDENT ’PHONES

News of $175,000,000 Deal Startles Financial Circles. Pittsburg, Pa., Oct. 27. —Financial circles here w'ere stirrtd by the news that an English corporation, capitalized at $175,000,000, has been formed to acquire all the independent telephone companies connecting New York Pittsburg, Cincinnati and Chicago. The properties and franchises of the necessary companies in New Jersey, Pennsylvania, Ohio, Illinois and Indiana are being negotiated for and the deal is said to be nearly consummated.